Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Enjoying these live updates!
Lifted from the RNS “Management believes the Company has sufficient resources to allow significant, tangible progress to be achieved from its current resources in the short term but longer term and as a result of the size of projects that the Company is targeting, further funding, much of it project finance, will be required to realise project returns.”
IMO - no immediate placing, delivery on target(s) before fundraising
I did too, however, it's not the first time I have had a false alert from that website.
The RNS did state they were already in discussions with potential companies. Provided SRES has been well managed, and we have no indication to suggest it hasn’t, I would hope potential NOMADs are bidding for SRES’s custom.
Following on from Dubliner's post, one of the smaller, but IMO significant items of news from the 4-JUL update was "Environmental consultants advise that the baseline studies have not identified any obstacles to the proposed mine development" and
"A small number of archaeological features of significance were identified in the broader Project Area but as these are not within the proposed mine disturbance areas they can easily be avoided".
Both environmental and archaeological concerns could have been a major and costly blocker to the project, particularly given the large area of permits, but thankfully should not be an issue (I am always amazed at how frequently "rare" flora and fauna are found on sites!). Hopefully the BLM and Environment Protection will allow the work to proceed under an Environment Assessment.
The next news I am expecting is notification that the Plan of Operations is with the BLM.
Not a UK example but google ‘SEC Twitter Investigation’ to see how seriously financial authorities take Twitter posts
As Sharelock has said, Aker would be the Duty Holder on a Brazil deal, consequently not related to reduction of fabricators in Aberdeen. Companies adapt to their changing markets, as demand reduces in the North Sea, so companies will reduce resources. Likewise in Brazil I expect Aker will be recruiting/redeploying as this is a growth market.
Jbelfort - a lot of nonsense on this board smacks of f-all research, scatter gun approach to key words and playing on the current download trend in the sp. in less than 10min research from posts on this board and twitter one can stitch together the jigsaw that is the Brazil MF deal, and yet you failed to even attempt that.
Where does it say anywhere on the website the FPSO is for sale, or even available for lease? It’s a fact sheet about a FPSO, that is all. The website was first registered in 2017, long before OSX3, TM or Brazil we ever discussed on this board.
Without going through each line of the fact sheet and cross checking against another source you cannot say if the information is correct or not. A website is not fake simply because the emails bounce.
SBP it is not possible to know if the website is owned by the leasing company or not, the contact details of the website owner have been hidden from the Whois database.
A quick search of the Whois reveals the domain is hosted by GoDaddy, as an owner myself of a registration with GoDaddy I can tell you that it is a simple as clicking on box to protect the contact details of whoever registered the website.
Please check these things before suggesting foul play.
Great analysis here - I’m surprised this post has not sparked further discussion... the post supports a route to 100% equity for MFDEVCO (before any subsequent assignments). Seadogs calculations are starting to look more plausible (even under estimated?)
Happy with that - IMO the signed deal will trigger the suspension. It may be that both RNSs are issued before 8am.
I’m sure many will agree with you Wobwat!
However I’ll keep waiting - as Sharelock and Seadog have said, the Brazil/China deal is wrapped up in NDAs, the first we should know of it is a suspensIon followed shortly by a huge re-rate (especially if the equity model is obtained).
There are more ‘clues’ recently than ever before as to how the deal may proceed (see Twitter...) which suggests the deal is progressing and may be further along than many assume.
There is also the NUOG one from 19/7 (although doesn’t use the #)
Wobwat, if (dare I say when?) the news finally lands and you’re able to talk a little more freely, I’d be interested to hear all these phone calls you made with cover stories (you mentioned yesterday) - I’ll bet there a good tale to tell! Certainly the mood is improving here, and long may it continue. #ExcitingTimes.
#ExcitingTimes
Harry, in the interest of 'reasoned argument and debate' please can you set out why you believe we are experiencing a 'mini-pump', and how detraction (and of whom?) can support your assertion?
My hope is that the .24 warrants will provide sufficient working capital for SRES BAU operations. For the mine CAPEX, with firm take-off agreements, mine permit, confirmed resource quantities; the company can look to non-dilutive funding.